Mining company stocks surge as AI and Bitcoin reaches $76

• Mining stocks rise on bets on AI.
• Bitcoin is at $74 today after rising to near $76.
• Hive and Bitfarms advance more than 10% in trading.

Bitcoin mining stocks saw strong gains on Tuesday, with Hive Digital and Bitfarms standing out, their shares rising more than 10% in trading. This movement occurred even as Bitcoin is currently trading at US$74.173,32, up 1%, after recently surpassing the US$76.100 mark and reaching its highest level in about two months.

The surge in stock prices comes amid a recovery in global markets, following recent losses linked to geopolitical tensions. In this context, investors have returned to seeking exposure to companies connected to the crypto sector, especially those expanding their areas of operation.

The positive performance is not solely linked to the price of Bitcoin. The market has been reacting to the strategic shift of these companies, which are adapting their infrastructure to meet the growing demand for artificial intelligence and high-performance computing.

This repositioning is being seen as a new source of revenue. Analysts point out that the shares of these mining companies are still trading at a discount compared to traditional data center companies, even though they have a large installed energy capacity.

Hive Digital has accelerated its presence in this segment. The company recently launched a GPU cluster in Paraguay, using hydroelectric power to support AI operations. At the same time, it has been gradually reducing some of its older mining activities, directing capital to GPU-enabled data centers in Canada.

Hive shares traded near $2,42, up nearly 12% on the day.

Bitfarms, which now operates under the Keel Infrastructure brand, follows a strategy focused on digital infrastructure. The company intends to offer data center capacity to large clients, including technology companies, through long-term contracts.

The plan envisions the development of up to 2,2 gigawatts in projects in the United States and Canada, with initial AI-related revenues expected starting in 2027. The company's shares also rose more than 10%, reaching their highest level since January.

As a result, the market is now pricing in not only Bitcoin's recent performance, but also the potential of these companies in the artificial intelligence-focused infrastructure sector.